Can I get a loan/mortgage for buying the property next door and tear it down?The house next to ours is for sale and priced as a teardown (foundation shifted). I would like to buy it, tear it down and expands our current house. Is it possible to get a loan for this? Problem is that I am selfemployed, average income last 4 years around 250K p/year, low 170K high 250K. It is no problem to put 20 or 30% down.Our current mortgage is 390K, house value 620K. 750+ credit score. House/lot next door buying price will be around 350K, demolishing is around 20K, rebuilding 200K, so say 600K for the new lot/addition. I am curious what our options are. Thanks!July 30 2014 - Lake View00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.